ED moves Odisha court to confiscate Seashore Securities assets

Enforcement Directorate (ED) today moved the Khordha District and Sessions Court to confiscate Rs 242 crore worth of assets of Seashore Securities Ltd, a major player in the multi-thousand crore chit fund scam in Odisha.

Further, the ED has named Seashore Group chief Prasant Dash and his brother Pravat Dash in the charge sheet filed before the court, said sources.

The ED, which is looking into money laundering, has so far seized assets worth Rs 242 crore of the firm.